secwatch.observer — SEC 8-K summary
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Issuer:     FIRST SOLAR, INC. (FSLR)
CIK:        0001274494
Form:       8-K
Filed at:   2022-05-27T23:59:59+00:00
Accession:  0001274494-22-000028
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

First Solar subsidiary enters ¥21.5B credit facility for Japan solar plant; project to be sold to PAG Real Assets
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- Project company FS Japan Project 25 GK entered ¥21.5B ($168.1M) credit facility for a 53 MW AC plant in Tochigi, Japan.
- Facility includes ¥18.8B term loan, ¥1.9B consumption tax facility, ¥0.8B debt service reserve; interest at TIBOR+0.85%.
- Term loan matures April 2040 with bi-annual installments from Oct 2023; consumption tax facility matures Oct 2025.
- Credit Facility and project expected to be transferred to PAG Real Assets subsidiary as part of sale of First Solar's Japan development platform.
- Facility secured by project assets and equity interests; contains customary covenants and events of default.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1274494/000127449422000028/0001274494-22-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1274494/000127449422000028/fslr-20220524.htm
  HTML page:      https://secwatch.observer/filing/0001274494-22-000028

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